Element Fleet Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,320	2,205	1,912	1,444	1,315
Revenue Growth (YoY)	5.22%	15.34%	32.37%	9.80%	-5.42%
Cost of Revenue	1,451	1,421	1,224	847.97	787.67
Gross Profit	869.29	783.96	687.27	596.31	527.68
Selling, General & Admin	192.36	180.14	155.54	115.07	101.68
Depreciation & Amortization Expenses	-151.39	-89.67	-82.29	-73.77	-70.76
Operating Income	828.31	693.49	614.02	555.01	496.75
Interest Income	3.78	-0.59	-0.49	-2.47	6.87
Other Non-Operating Income (Expense)	622.85	595.54	502.66	428.18	373.81
Total Non-Operating Income (Expense)	626.63	594.95	502.17	425.71	380.69
Pretax Income	529.32	513.56	448.95	404.99	362.11
Provision for Income Taxes	250.19	126.42	103.35	103.11	80.44
Net Income	279.13	387.14	345.6	301.89	281.67
Net Income to Common	279.13	387.14	345.6	301.89	281.67
Net Income Growth	-27.90%	12.02%	14.48%	7.18%	24.90%
Shares Outstanding (Basic)	402	397	390	397	423
Shares Outstanding (Diluted)	402	404	390	413	439
Shares Change (YoY)	-0.61%	3.55%	-5.57%	-5.95%	0.21%
EPS (Basic)	0.70	0.96	0.84	0.71	0.60
EPS (Diluted)	0.69	0.95	0.82	0.69	0.59
EPS Growth	-27.37%	15.85%	18.84%	16.95%	34.09%
Free Cash Flow	-168.03	-120.82	-987.58	166.38	1,983
Free Cash Flow Growth	-	-	-	-91.61%	-8.88%
Free Cash Flow Per Share	-0.42	-0.30	-2.53	0.40	4.51
Dividends Per Share	0.379	0.341	0.318	0.246	0.216
Dividend Growth	11.36%	7.08%	29.45%	13.88%	36.76%
Gross Margin	37.47%	35.55%	35.95%	41.29%	40.12%
Operating Margin	35.70%	31.45%	32.12%	38.43%	37.77%
Profit Margin	12.03%	17.56%	18.08%	20.90%	21.41%
FCF Margin	-7.24%	-5.48%	-51.66%	11.52%	150.74%
EBITDA	1,544	1,349	1,217	1,034	959.65
EBITDA Margin	66.54%	61.20%	63.63%	71.58%	72.96%
EBIT	828.31	693.49	614.02	555.01	496.75
EBIT Margin	35.70%	31.45%	32.12%	38.43%	37.77%
Effective Tax Rate	47.27%	24.62%	23.02%	25.46%	22.21%

Updated Dec 31, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.